PUBLISHER: IMARC | PRODUCT CODE: 1287628
PUBLISHER: IMARC | PRODUCT CODE: 1287628
Vegan Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global vegan ice cream market size reached US$ 639.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 878.2 Million by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Vegan ice cream is prepared with soy, cashew, almond, coconut or other plant-based milk. It contains substantial amounts of fat and delivers delicious flavor and rich creaminess like conventional variants. It is widely available in numerous varieties, including pint-sized containers, ice cream sandwiches, drumsticks, and fudge bars. At present, market players are offering innovative flavors of vegan ice cream, including dark chocolate, almond sea salt, cherry cashew, mint chip, peanut butter, pistachio, strawberry, vanilla, fudge brownie, raspberry, coffee hazelnut, and salted caramel.
Vegan Ice Cream Market Trends:
The emerging trend of veganism on account of the rising health consciousness and increasing awareness among the masses about cruelty against animals represents one of the key factors bolstering the market growth. This can also be attributed to shifting individual preferences towards plant-based diets and animal-free, ready-to-eat (RTE) products. Apart from this, the growing lactose-intolerance population worldwide, in confluence with inflating per capita income levels, is catalyzing the demand for premium vegan ice cream in exotic flavors like lemon poppy seed, pink champagne, and chai tea coconut. In addition, key players operating in the industry are introducing innovative vegan ice cream variants, such as gluten-free cones, made using natural ingredients and without emulsifiers, artificial colors, and stabilizers. Furthermore, these players are also investing extensively in endorsements by celebrities and athletes and focusing on promoting their products through social media platforms and online retail channels to expand their global consumer base. This, along with the thriving e-commerce industry and numerous initiatives undertaken by non-government organizations (NGOs) to encourage the uptake of vegan food products, is anticipated to offer lucrative growth opportunities to industry investors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vegan ice cream market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, flavor, sales type and distribution channel.
Breakup by Source:
Coconut Milk
Soy Milk
Almond Milk
Cashew Milk
Breakup by Flavor:
Chocolate
Caramel
Coconut
Vanilla
Coffee
Fruit
Breakup by Sales Type:
Impulse
Take Home
Artisanal
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arctic Zero, Booja-Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO, Perry's Ice Cream, SorBabes, Tofutti Brands Inc., Unilever PLC and Van Leeuwen Ice Cream.
Key Questions Answered in This Report
1. What was the size of the global vegan ice cream market in 2022?
2. What is the expected growth rate of the global vegan ice cream market during 2023-2028?
3. What are the key factors driving the global vegan ice cream market?
4. What has been the impact of COVID-19 on the global vegan ice cream market?
5. What is the breakup of the global vegan ice cream market based on the source?
6. What is the breakup of the global vegan ice cream market based on the flavor?
7. What is the breakup of the global vegan ice cream market based on the sales type?
8. What is the breakup of the global vegan ice cream market based on the distribution channel?
9. What are the key regions in the global vegan ice cream market?
10. Who are the key players/companies in the global vegan ice cream market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Vegan Ice Cream Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Source
- 6.1 Coconut Milk
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Soy Milk
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Almond Milk
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Cashew Milk
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Flavor
- 7.1 Chocolate
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Caramel
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Coconut
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Vanilla
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Coffee
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Fruit
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Sales Type
- 8.1 Impulse
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Take Home
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Artisanal
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Convenience Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Online Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Arctic Zero
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Booja-Booja
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Double Rainbow Ice Cream
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 HappyCow
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Morrisons
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 SWOT Analysis
- 15.3.6 NadaMoo!
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Over The MOO
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Perry's Ice Cream
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 SorBabes
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Tofutti Brands Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11 Unilever PLC
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 Van Leeuwen Ice Cream
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Arctic Zero
List of Figures
- Figure 1: Global: Vegan Ice Cream Market: Major Drivers and Challenges
- Figure 2: Global: Vegan Ice Cream Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Vegan Ice Cream Market: Breakup by Source (in %), 2022
- Figure 5: Global: Vegan Ice Cream Market: Breakup by Flavor (in %), 2022
- Figure 6: Global: Vegan Ice Cream Market: Breakup by Sales Type (in %), 2022
- Figure 7: Global: Vegan Ice Cream Market: Breakup by Distribution Channel (in %), 2022
- Figure 8: Global: Vegan Ice Cream Market: Breakup by Region (in %), 2022
- Figure 9: Global: Vegan Ice Cream (Coconut Milk) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Vegan Ice Cream (Coconut Milk) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Vegan Ice Cream (Soy Milk) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Vegan Ice Cream (Soy Milk) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Vegan Ice Cream (Almond Milk) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Vegan Ice Cream (Almond Milk) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Vegan Ice Cream (Cashew Milk) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Vegan Ice Cream (Cashew Milk) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Vegan Ice Cream (Chocolate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Vegan Ice Cream (Chocolate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Vegan Ice Cream (Caramel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Vegan Ice Cream (Caramel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Vegan Ice Cream (Coconut) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Vegan Ice Cream (Coconut) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Vegan Ice Cream (Vanilla) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Vegan Ice Cream (Vanilla) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Vegan Ice Cream (Coffee) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Vegan Ice Cream (Coffee) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Vegan Ice Cream (Fruit) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Vegan Ice Cream (Fruit) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Vegan Ice Cream (Impulse) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Vegan Ice Cream (Impulse) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Vegan Ice Cream (Take Home) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Vegan Ice Cream (Take Home) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Vegan Ice Cream (Artisanal) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Vegan Ice Cream (Artisanal) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Vegan Ice Cream (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Vegan Ice Cream (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Vegan Ice Cream (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Vegan Ice Cream (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Vegan Ice Cream (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Vegan Ice Cream (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Vegan Ice Cream (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Vegan Ice Cream (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: North America: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: North America: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: United States: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: United States: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Canada: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Canada: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Asia-Pacific: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Asia-Pacific: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: China: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: China: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Japan: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Japan: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: India: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: India: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: South Korea: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: South Korea: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Australia: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Australia: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Indonesia: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Indonesia: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Europe: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Europe: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Germany: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Germany: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: France: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: France: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: United Kingdom: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: United Kingdom: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Italy: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Italy: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Spain: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Spain: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Russia: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Russia: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Others: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Others: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Latin America: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Latin America: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Brazil: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Brazil: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Mexico: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Mexico: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Others: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Others: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Middle East and Africa: Vegan Ice Cream Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Middle East and Africa: Vegan Ice Cream Market: Breakup by Country (in %), 2022
- Figure 91: Middle East and Africa: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Global: Vegan Ice Cream Industry: SWOT Analysis
- Figure 93: Global: Vegan Ice Cream Industry: Value Chain Analysis
- Figure 94: Global: Vegan Ice Cream Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Vegan Ice Cream Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Vegan Ice Cream Market Forecast: Breakup by Source (in Million US$), 2023-2028
- Table 3: Global: Vegan Ice Cream Market Forecast: Breakup by Flavor (in Million US$), 2023-2028
- Table 4: Global: Vegan Ice Cream Market Forecast: Breakup by Sales Type (in Million US$), 2023-2028
- Table 5: Global: Vegan Ice Cream Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 6: Global: Vegan Ice Cream Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Vegan Ice Cream Market: Competitive Structure
- Table 8: Global: Vegan Ice Cream Market: Key Players
